An order instrument is payable to anyone in physical possession of the instrument and presents it for payment when it is due
Indicate whether the statement is true or false
FALSE
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Kim and Lyle are partners in K&L Sales, which exports technical equipment. If Congress declares that the equipment can no longer be exported, K&L
A. can continue its business for one twelve-month period. B. can continue its business indefinitely. C. dissolves immediately unless the partners change its business. D. is immediately subject to criminal prosecution and penalties.
Jack provides heating and air conditioning equipment for office buildings. He sells ________
A) distributive goods B) consumer services C) consumer goods D) industrial goods E) intangible goods
A primary key
A) is required for every field B) is the default value of a field C) uniquely defines a record D) is required in all forms
Which of the following is true of preferred stock?
A) It has features of bonds and a common stock. B) It has a claim on assets prior to creditors in the event of liquidation. C) Its dividends can be paid only after paying dividends to the common stockholders. D) It usually has a maturity of thirty years.